Abstract

Petrovietnam Exploration Production Corporation Ltd. (PVEP) is currently operating exploration block 16-2, offshore Vietnam. The production sharing contracts were signed in 2007. PVEP holds 100% participating interest and PVEP POC is the operator. The block covers an area of 2,228 km2 with a water depth of 30–55 m. The block is located in an area surrounded by proven and established hydrocarbon fields and discoveries. 14 prospects have been identified. The main targets are Miocene sandstones, and Oligocene and pre-Tertiary fractured granitic basement with a target depth from 2000 to 4000 m.